Jumbo Loans

15/12/2021 15 min

Listen "Jumbo Loans"

Episode Synopsis

A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan is $647,200 in most counties, as determined by the Federal Housing Finance Agency (FHFA). Homes that exceed the local conforming loan limit require a jumbo loan. So what do you need to know about a Jumbo Loans? Listen to this episode for all the details!